The potential strategic investors for Latvian national airline airBaltic could be known by this November, Transport Minister Uldis Augulis said during a government meeting today where the process of finding a strategic investor for the airline was discussed.

The average price of electricity in Nord Pool's Lithuanian bidding area dropped by 7 percent last week from a week earlier to 39.3 euros per megawatt-hour amid a decrease in consumption and an increase in the supply of cheaper power from Sweden.

IRI Investment Lithuania, a company operated by Swedish furniture trade company Ikea Group, has purchased a 45-megawatt (MV) wind farm in the Mazeikiai district, northwestern Lithuania, which is one of the country's most efficient wind farms.

The second small-scale liquefied natural gas (LNG) carrier owned by Scandinavia's gas supplier Skangass should arrive in the Lithuanian port of Klaipeda over the weekend.

Prices in the Lithuanian electricity market rose last week due to wintry weather conditions, which caused overhead lines to break under the weight of ice and forced wind turbines to stand idle.

The housing market continues to heat up, with a 12.3 per cent increase in transactions from 2015. With low interest rates still prevailing, a large share of flats is being acquired for investment purposes, which raises property prices. The Bank of Lithuania closely monitors the situation and is ready to respond if necessary told the central banks representatives.

Apranga, the Baltics' leading clothing retailer that is controlled by MG Baltic, is building a new office and logistics center in the northern part of Vilnius, close to the city's new western bypass, with MG Valda, the developer of the Vilnius Business Park where the center will be located, set to invest 14 mln euros in the project.

Statistics Lithuania informs that in December 2016 industrial production totalled EUR 1.69 bln at current prices and, compared to November, seasonally and calendar adjusted, grew by 1.1 % at constant prices (unadjusted – decreased by 0.2%).

As Poland trims the projected Gas Interconnector Poland-Lithuania ( GIPL ) and postpones of the overall project implementation for two years, Lithuania will receive additional 3 mln euros in support from European Union (EU), which will put the total support at 58 mln euros.

Lithuania should secure permits to export beef and poultry products to Japan by the beginning of March, which would enable Lithuanian producers to seek direct opportunities to export their products to the market.